Developer W2T signs power agreement and waste MoU
PowerHouse Energy Group’s (PHE) exclusive development partner, Waste2Tricity Limited (W2T), has agreed to sell electricity generated by W2T at Protos using DMG technology into a private grid operated by Protos.
PHE developed DMG as a proprietary technology that can convert waste plastic, end-of-life-tyres, and other waste streams into syngas efficiently and economically. From this, valuable products such as chemical precursors, hydrogen, electricity and other industrial products may be derived. The PowerHouse technology is one of the world’s first proven, modular, hydrogen from waste (HfW) process, the company claims.
W2T has also agreed a supply agreement for unrecyclable plastic for the DMG plant. The company said that this is a further step in the road towards achieving financial close for the first commercial site utilising PHE’s DMG Technology. PHE is a UK technology company pioneering hydrogen and clean energy production from waste plastic.
A memorandum of understanding has been agreed between W2T and the innovative recycler, Advanced Sustainable Developments (ASD), which will see the two companies work collaboratively at the Protos site in Cheshire. The generated electricity from the DMG process will be supplied back to ASD from the Protos private grid at discount to current power market prices, which will be commercially beneficial to all parties.
W2T has also agreed a supply of feedstock to W2T for processing by DMG Energy Recovery Technology, which is intended to come from unrecyclable plastic from ASD’s PET plastic recycling project at the Protos site, at a price significantly below current landfill rates. W2T has also arranged back up supply lines for the DMG plant in the event of delays.
David Ryan, CEO of PowerHouse Energy, commented: “We are very pleased that our DMG Energy Recovery Technology will be a key part of the solution at Protos fostered by Peel Environmental with W2T and ASD, which envisages the regeneration of plastics in a circular economy approach to waste management. This matches our vision for the application of the DMG technology and we believe it heralds the finalisation of a number of further DMG projects.”